Updated details and renderings have been revealed for the mixed-use development at 1840 N Marcey Street in Lincoln Park. Sitting just east of the future home of Lincoln Yards, the lot is currently occupied by a commercial building bound by curved railroad tracks to the south. Similar to Lincoln Yards, this project is also being led by developer Sterling Bay.
The Chicago Plan Commission has approved the mixed-use development at 370 N Carpenter Street in the West Loop. Located on the intersection with N Aberdeen Street near the upcoming Fulton Park campus, it sits just north of the recently approved 345 N Aberdeen Street by the same developer Sterling Bay.
Further details and renderings have been revealed for the potential mixed-use development at 345 N Aberdeen Street in the West Loop. Replacing the former Cougle Commission factory on the intersection with W Carroll Avenue, news on the development broke earlier this year as developer Sterling Bay prepares to sell the site.
Sterling Bay is seeking a financial partner for the Lincoln Yards megadevelopment and is planning to sell land adjacent to the 53-acre site to meet debt repayment deadlines. CBRE has been hired to sell properties at three locations,1907 N Mendell Street, 1901 N Elston Street and 1500 W Cortland Avenue, which were initially part of the $6 billion mixed-use project. Amid financial difficulties, Sterling Bay has been selling properties, including an industrial property sold last year for $4 million, Crain’s Chicago Reported.
Potential financing has been revealed for the Lincoln Yards megadevelopment near Goose Island. The money would come from Florida-based Kayne Anderson Real Estate who is exploring becoming the primary financial backer for the project according to Crain’s. The 53-acre development has stalled as the lending market has changed since its original announcement in 2018.
